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Business - Page 55

Somalia Ends UAE Deals Over Sovereignty Concerns

Somalia has taken a decisive step in its foreign relations by cancelling all agreements previously signed with the United Arab Emirates, saying the Gulf state’s recent actions threaten the country’s sovereignty and national unity. The announcement marks a new chapter in the

January 14, 2026

Business·Tanzania

Collapse of goldmine in Tanzania kills 22

The collapse of an illegal small-scale gold mine has killed at least 22 people in northern Tanzania following heavy rains, a senior government official said on Sunday. The accident happened early on Saturday in the Simiyu region after a group of people

January 15, 2024

Business·World

Nigeria’s Dangote refinery starts production after years of delays

Nigeria’s Dangote oil refinery has begun producing diesel and aviation fuel, the company said on Saturday, after years of construction delays at the 650,000 barrel per day (bpd) plant. The refinery, Africa’s largest, was built on a peninsula on the outskirts of

January 13, 2024

Business·Tanzania

Tanzania To suspend Fishing in Lake Tanganyika for 3 months

The Tanzanian government plans to temporarily suspend fishing in Lake Tanganyika from May, prompting mixed feelings among people who are likely to be impacted by the stoppage. The three-month suspension is expected to come into effect on May 15 and is aimed

January 13, 2024

Business·Tanzania

Tanzania, Malawi agree to end ban on Maize Imports

Tanzania and Malawi have decided to lift the import ban imposed on maize last month following food safety concerns. However, the two countries have agreed to share report information describing the status of maize from the country of origin. The Tanzania Plant

January 13, 2024

Business·Tanzania

Tanzania, Rwanda sign deal to boost dairy industry

Tanzania and Rwanda have signed a Memorandum of Understanding (MoU) to elevate the dairy industry, marking a collaborative effort between the two East African Community member states. The agreement was signed by Tanzania’s Minister for Livestock and Fisheries, Mr. Abdallah Ulega, and

January 13, 2024

Business·Tanzania

Tanzania shines at Pacesetters Awards

In a glittering ceremony held in Dar es Salaam recently, Tanzania’s entrepreneurial spirit and leadership took center stage as several Tanzanian firms and individuals were recognized at the prestigious Pacesetters Awards Continental Chapter. The awards, organized by Jubilant Stewards of Africa, celebrate

January 11, 2024

Business·World

Ghana ended 2023 with highest average inflation rate in 2 decades

The latest data released by the Ghana Statistical Service indicates that the inflation rate for December 2023 stood at 23.2%. This figure reveals a decrease from November 2023’s rate of 26.4%. However, a more detailed analysis shows a nuanced situation: certain items,

January 10, 2024

Business·World

IMF chief Georgieva, USA’s Yellen to meet with Egyptian authorities

International Monetary Fund chief Kristalina Georgieva and U.S. Treasury Secretary Janet Yellen will meet with Egyptian authorities in Washington on Tuesday, amid talks between Cairo and the IMF about expanding Egypt’s $3 billion loan program. “Secretary Yellen is looking forward to

January 9, 2024

Business·Tanzania

Govt eyes raising clove production through embassies

President Samia Suluhu Hassan has said that the government through its embassies and various platforms abroad will strengthen efforts in opening markets for the cloves’ sales. She made the statement earlier on Tuesday when inaugurating the Zanzibar State Trade Cooperation in Pemba

January 9, 2024

Business·Tanzania

State allows temporary sugar importation

The government has allowed the importation of 50,000 tonnes of sugar for the month of January and February as a means to solve the sugar shortage problem in the country. Minister for Agriculture, Hussin Bashe made the revelation stating that the rate

January 9, 2024

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